January 16, 2019 Terry’s Tips Trade Alert Honey Badger Portfolio

We have become a bit too negative net delta:

BTC 1 SPY 18Jan19 250 put (SPY190118P250) for $.05 (no commission)

STC 1 SPY 15Mar19 250 put (SPY190315P250) for $3.47

BTC 1 SPY 18Jan19 251 put (SPY190118P251)
STO 1 SPY 25Jan19 251 put (SPY190125P251) for a credit of $.38 (selling a calendar)

BTO 1 SPY 15Mar19 261 put (SPY190315P261)
STO 1 SPY 18Jan19 261 put (SPY190118P261) for a debit of $5.34 (buying a calendar)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

Terry